A federal judge has issued a preliminary injunction temporarily blocking Minnesota from enforcing its ban on prediction markets, allowing major platforms like Kalshi and Polymarket US to continue operating in the state while legal challenges proceed.
The ruling comes as crypto-related news continues to dominate headlines with stories ranging from regulatory sandboxes in Zimbabwe to quantum security preparations in Hong Kong. This development highlights tensions between innovative fintech companies and restrictive state legislation.
According to court documents, the injunction remains until Minnesota Supreme Court rules on Kalshi’s appeal challenge against a ban designed without public comment periods.
Related: Zimbabwe admitted seven fintech projects into its regulatory sandbox for supervised testing – though approval doesn’t guarantee full commercial registration. Meanwhile New York AG Letitia James warned that federal crypto legislation could weaken state enforcement mechanisms rather than strengthening consumer protections.
Coverage source:Cointelegraph reports on this developing legal and industry story.
